w w w e tr .X Syllabus m eP e ap .c rs om Cambridge IGCSE Accounting Syllabus code 0452 For examination in June and November 2013 Contents Cambridge IGCSE Accounting Syllabus code 0452 1. Introduction ..................................................................................... 2 1.1 1.2 1.3 1.4 Why choose Cambridge? Why choose Cambridge IGCSE Accounting? Cambridge International Certificate of Education (ICE) How can I find out more? 2. Assessment at a glance ......
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149. st 150. sg 151. st 152. sg 153. st 154. sg 155. st 156. sg 157. st 158. 8 8 9 9 9 9 9 9 1 2 3 3 3 3 4 4 5 5 8 9 9 AN C K K AP AP AP AP K K K K K AP K AP K AP K C K True-False Statements 1. 2. 3. 4. 5. 6. 7. 8. 1 1 1 2 2 2 2 3 K C C K K K K C 9. 10. 11. 12. 13. 14. 15. 16. 3 3 3 3 3 3 3 3 C C C K K K C C 17. 18. 19. 20. 21. 22. 23. 24. 3 3 3 4 4 4 4 4
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At the time of a credit sale‚ a company would record an increase in assets and an increase in revenues. True False 3. A sale on account is recorded as a debit to revenue and a credit to accounts receivable. True False 4. Accounts receivable represent the amount of cash owed to the company by its customers from the sale of products or services on account. True False 5. Trade discounts represent a discount offered to the purchasers for quick payment. True False 6. When a company
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$600000 and a hand tools expense of $150000 in its profit and loss account. (5 marks) 2. The cash book of Ronald Limited showed a favourable bank balance of $98777 at 30 April 2001. An examination of the bank column in the cash book and the bank statement disclosed the following: iii. Dividends amounting to $752 had been credited by the bank but not entered in the cash book. iv. The bank had credited the company’s account with $3725 being the proceeds of a bill receivable. This amount
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receivables follow: Step-1. Obtain Aged Schedule of Accounts Receivable The auditor should obtain an aged schedule of accounts receivable as of the confirmation date. He or she should apply the following procedures to this schedule: Determine that totals are correct. Compare all or a selected sample of account balances with the account balances in the accounts receivable subsidiary ledger. Investigate credit balances. Step-2. Select Accounts for Confirmation Auditors have used‚ and some continue
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slight increase in accounts receivable reflecting the timing of seasonal sales at the end of 2011 as compared with 2010. Although its primary credit risk concentrates on two clients‚ McLane and Wal-Mart‚ its accounts receivable turnover is increasing. It means Hershey’s collection ability is good. Accounts Receivable—Trade In the normal course of business‚ we extend credit to customers that satisfy pre-defined credit criteria based upon the results of our recurring financial account reviews and our
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|=Net Income | • New Accounts on the Income Statement o SALES – revenues collected from the sale of merchandise o COST OF MERCHANDISE SOLD – the purchase price plus incidentals of merchandise available for resale o GROSS PROFIT – Sales – COMS INCOME STATEMENT Gem City Music Income Statement For the Year Ended December 31‚ 20— Revenue from sales: Sales
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Create a free web hosting account: Create a free account on any free web hosting site. Here is the example to make a free account at Free Webhosting . 1. Select free domain hosting and write your site’s name and free sub domain name as you like. 2. Fill up your account information and CREATE the account. 3. After your account created successfully‚ your account information‚ FTP details‚ Database Creation Details and other feature will be displayed. Read carefully all the details or save the
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bank account is not as simple as walking up to a bank teller and handing over crumpled wads of cash; there are lots of decisions to make and confusing banking jargon to wade through. We’ll teach you everything you need to know about making smart decisions when opening a new bank account.Examine Your Financial Situation. Let’s begin with a practical question: do you have any money? Coins don’t count (unless they’re valuable collector’s coins). You don’t have to be loaded to start a bank account‚ but
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system Account Information System of their students. The information are stored and compiled in some sort of filing cabinets and may take a long time to retrieve the data and information especially when the account is for old students of the school. In all it can take minutes finding the relevant account information of the students. Students Account Information System manages student records and account information. A SAIS may handle student’s information system‚ payments information‚ accounts and
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